CFTC should extend US persons fix, says O'Malia
Agency has not begun debating final definition of US person and "will need to provide relief" when temporary exemption expires, says CFTC commissioner
The Commodity Futures Trading Commission (CFTC) has not started work on a final definition of the term "US person" according to Scott O'Malia, one of its five commissioners, and a temporary exemptive order that expires on July 12 should be extended as a result, he says.
"We have not begun to address that yet. I have no idea how that's going to be worked out at this point. I believe we will need to provide relief and the debate will be about whether to continue to extend the relief as is – with
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